S.J.S. Enterprises Limited has informed the Exchange regarding 'SJS: S.J.S. Enterprises Limited has informed the Exchange regarding 'the updated action taken for Violation under Code of Conduct to Regulate, Monitor and Report Trading by Insiders'' of the Company under SEBI (PIT) Regulation, 2015'.'.
SJS · price
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S.J.S. Enterprises reported that Mr. Ganesh Rajan V, General Manager – Marketing & Sales (West Region), sold 3,250 shares on April 21, 2025 at Rs. 936.70 per share (totalling about Rs. 30.44 lakhs) during the trading window closure period and without seeking the mandatory pre-clearance, violating Clauses 7 and 8 of the company's Insider Trading Code under SEBI (PIT) Regulations, 2015. The shares were from an ESOP allotment. After review by the Audit Committee, the company issued a warning letter and imposed a Rs. 1,00,000 penalty (Rs. 25,000 for no pre-clearance and Rs. 75,000 for trading during the closed window), which has been deposited online into the SEBI Investor Protection and Education Fund. No prior violations were reported in the last financial year, and the employee faces stricter action including possible ESOP ineligibility if it happens again.
This is an isolated compliance issue involving one mid-level employee and was handled internally with a relatively small penalty. The shares were ESOP-originated and the trade was disclosed within three days, so the direct impact on shareholders or stock price is limited, though it is a reminder of insider-trading compliance risk.